PIMCO High Income Fund to Issue Monthly Dividend of $0.05 (NYSE:PHK)

PIMCO High Income Fund (NYSE:PHK) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.048 per share by the investment management company on Thursday, May 1st. This represents a $0.58 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Friday, April 11th.

PIMCO High Income Fund Price Performance

PHK stock opened at $4.63 on Friday. PIMCO High Income Fund has a one year low of $4.56 and a one year high of $5.18. The company’s 50 day moving average price is $4.90 and its two-hundred day moving average price is $4.96.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.